Market breaks winning streak

The sharemarket broke a run of gains after a soft lead from Wall Street and with much-speculated takeover bids failing to materialise.
The S&P/ASX 200 Index closed 18.3 points lower at 5097.1 after advancing 138 points in the previous five sessions.
ABN Amro private client adviser Bill Bishop said investors were keenly awaiting possible bids for companies such as Foster's and Coles Myer.
"The market has worked itself into a state of excitement but nothing's yet happened," Mr Bishop said. "There are oceans of cash controlled, if not held, by the leveraged buy-out operators and they are looking for opportunities."
The resource giants had a mediocre day. BHP Billiton was pared back 5¢ to $27.65 while Rio Tinto edged up 3¢ to $72.98.
The Big Four banks were mostly lower. ANZ slid 16¢ to $27.09, National Australia Bank dipped 39¢ to $35.93, and Westpac softened 21¢ to $23.16. Commonwealth picked up 2¢ to $45.74.
Suncorp-Metway moved up 54¢ to $21.04 after posting a small increase in full-year net profit to $916 million.
Sims Group closed 61¢ higher at $20.46. The world's biggest recycler of scrap metal reported that fourth-quarter profit had risen to a record $79 million.
Adsteam Marine shares tumbled 34¢ to $2.20 after a $693 million friendly takeover deal for the tugboat operator was thrown into doubt after being referred to Britain's competition regulator.
Retailers were also marked back. Coles Myer lost 12¢ to $13.87, David Jones dipped 2¢ to $3.51, and Woolworths shed 4¢ to $20.66.
Despite a small rise in the oil price, energy stocks moved into negative territory, with Woodside Petroleum shifting down 46¢ to $41.80, Oil Search dropping 8¢ to $3.37, and Santos shuffling back 6¢ to $11.13.
Gold extended Thursday's gains but the goldminers were mixed, with Newmont dropping 4¢ to $6.78, Newcrest picking up 35¢ to $19.85, and Lihir rising 11¢ to $3.10.
Foster's rose 15¢ to $6.10. The stock, which reached a record $6.40 yesterday, has gained 12 per cent since Tuesday on rumours of a takeover bid.
Three companies that were removed from the benchmark index in a quarterly review lost ground. Novogen fell 7¢ to $2.59, Repco, the worst-performing stock in the benchmark index this year, dropped 5.5¢ to $1.14, and Wattyl declined 5¢ to $2.74.
The dollar pushed higher, with dealers expecting it to make a run for US77¢. At 5pm it was trading at US76.44¢, up from US76.32¢ on Thursday and US75.82¢ at the end of last week.
OzForex senior corporate dealer Euan McCreadie said the Aussie had received a slight boost from yesterday's data showing that the current account deficit narrowed to a seasonally adjusted $13.24 billion in the June quarter.